New police powers allow just SIX Just Stop Oil protestors to be arrested in London May 24, 2023 Six Just Stop Oil (JSO) protesters have been arrested in London after police orders were put in place to force supporters out of the road. The activists were held in Marylebone Road on Wednesday, after 39 JSO supporters in five groups staged the latest in a series of marches designed to block busy roads. Protesters [...]
UK mortgage holders will see payments rise to 30 per cent of their income, Barclays boss warns May 24, 2023 UK mortgage holders will see their monthly payments jump to up to 30% of their income from about 20% over the past few decades, the boss of Barclays has said. CS Venkatakrishnan, known as Venkat, said the sharp rise in interest rates will lead to a “huge income shock” by the end of next year. [...]
Bitcoin returns to a holding pattern as crypto markets pull back from this week’s gains May 24, 2023 Bitcoin couldn’t hold support at $27k, dipping 2% in the last 24 hours and starting today back below this key level.
Suella Braverman escapes ethics probe into speeding row May 24, 2023 Suella Braverman has escaped an ethics investigation over claims she asked civil servants whether they could arrange her a private speeding awareness course. Prime minister Rishi Sunak has confirmed no “further investigation” will take place into the row and said he was “reassured [Braverman] takes these matters seriously”. In a letter to the home secretary, [...]
FTSE 100: Sticky inflation figures spook markets as investors brace for rate hike pain May 24, 2023 London’s flagship index tumbled in early trading this morning as investors took fright at sticky inflation figures that could trigger further interest rate hikes this year.
London ‘busier and busier’ as return to office gathers pace – but demand for flexible working remains May 24, 2023 Great Portland Estates, a leading landlord in office space said London has got “busier and busier,” but noted that it does not expect the the recovery of offices in the capital to be “uniform” as a demand for flexible working and best space remains. Throughout the year, the property firm recorded £55.5m of leasing, as [...]
Inflation falls out of double digits to lowest level in a year but tops forecasts May 24, 2023 UK inflation has fallen into single digits but the price of food continues to spiral at the fastest rate in four decades.
Severn Trent profits rise and forecast lifted as sector readies for ‘biggest investment period ever’ May 24, 2023 Severn Trent reported a booming full-year profits and forecast strong earnings for the upcoming year, as it anticipates the “biggest investment period the sector has ever seen.” The company said it was planning “increased capital investment of between £850 million and £1bn for 2023/24,” and saw turnover hit £2.1bn, up 11.4 per cent on the [...]
Close Brothers recovers from bruising start to the year while rising rates lifts fellow merchant bankers Arbuthnot May 24, 2023 Merchant banking group Close Brothers delivered a battling update as it attempts to calm investor nerves following a poor start to the year. In a trading update for its third quarter, Close Brothers reported that its loan book increased by two per cent to £9.2bn. This was driven by a strong new business in commercial [...]
Virgin Orbit: Branson’s botched rocket project sells off assets and ends operations May 24, 2023 Virgin Orbit, Richard Branson’s failed rocket project, announced it are selling remaining assets and will cease operations, just months after an embarrassing mission failure. In a statement, the “responsive space launch provider” said our “legacy in the space industry will forever be remembered. Its ground-breaking technologies, relentless pursuit of excellence, and unwavering commitment to advancing the frontiers [...]
